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Estimate the number of years of extended term life insurance

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Reference no: EM131628907

Question: Marguerite Jones is 40 years old, uses tobacco, and decides to convert her $500,000 whole-life insurance policy to extended term insurance. Use 20-year level term rates to estimate the number of years of extended term life insurance her cash value of $27,879 will buy.

Reference no: EM131628907

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